{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/942/#25-recognition","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"325","topic_title":"Investments—Other","subtopic":"325-942","subtopic_title":"Financial Services—Depository and Lending","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Federal Home Loan Bank or Federal Reserve Bank Stock","paragraphs":[{"citation":"325-942-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F4EA162E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Federal Home Loan Bank and Federal Reserve Bank stock shall be classified as a restricted investment security. </span></span></div></div>","snippet":"Federal Home Loan Bank and Federal Reserve Bank stock shall be classified as a restricted investment security.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c36d89f807015580cab155d076cc03d1d1efa242706cf18167e6f6b8992f9c3","downloaded_from":"2026-09-09T23:45:59.013Z","last_downloaded_at":"2026-09-09T23:45:59.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478294","source_sha256":"6141b2c55e9f71dcb21b66e86959180b92e4fcc3c5dfaa2d732f3d3aef006f97"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14ce8907a95b1230e90c0d72c98ee9020307e5ab0bbb9c4a77f491fd4ed61185","downloaded_from":"2026-09-09T23:45:59.013Z","last_downloaded_at":"2026-09-09T23:45:59.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478294","source_sha256":"6141b2c55e9f71dcb21b66e86959180b92e4fcc3c5dfaa2d732f3d3aef006f97"}},{"block":null,"heading":"Regular-Way Securities","paragraphs":[{"citation":"325-942-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_F4EA17BD-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Regular-way purchases and sales of securities shall be recorded on the trade date. </span></span><span class=\"sfragment\" id=\"sfr_F4EA1913-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Gains and losses from regular-way security sales or disposals shall be recognized as of the trade date in the statement of operations for the period in which securities are sold or otherwise disposed of. </span></span><span class=\"sfragment\" id=\"sfr_F4EA1AF4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/815/10/#815-10-15-15\" class=\"xref\">815-10-15-15</a> for a definition of regular-way security trades. </span></span></div></div>","snippet":"Regular-way purchases and sales of securities shall be recorded on the trade date. Gains and losses from regular-way security sales or disposals shall be recognized as of the trade date in the statement of operations for…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b63f27adea48ad9be2a16913c0d5adbb6edd3f89d4699a913d0f343f2b665bcf","downloaded_from":"2026-09-09T23:45:59.013Z","last_downloaded_at":"2026-09-09T23:45:59.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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credit unions and corporate credit unions</span></span><span class=\"sfragment\" id=\"sfr_F4EA1D8F-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">, amounts deposited with the National Credit Union Share Insurance Fund shall be accounted for and reported as assets as long as such amounts are fully refundable. </span></span></div></div>","snippet":"For credit unions and corporate credit unions, amounts deposited with the National Credit Union Share Insurance Fund shall be accounted for and reported as assets as long as such amounts are fully refundable.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4a261849e8bbcda55aaa63f11829fd32b2aee73e75dc48e2b4e1bdd445c20d3","downloaded_from":"2026-09-09T23:45:59.013Z","last_downloaded_at":"2026-09-09T23:45:59.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not 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altsource=\"GUID-C498E71D-A9E9-4E55-BCEC-E27918B32C60.ditamap\" class=\"ditamap\">940-340-25</a> provides guidance for recognition of exchange memberships.</span></span></div></div>","snippet":"Section 940-340-25 provides guidance for recognition of exchange memberships.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:80a35f5b7bd601b7de4f04adb524d4cef0686d11eb307d373a070f4d5176973c","downloaded_from":"2026-09-09T23:45:59.013Z","last_downloaded_at":"2026-09-09T23:45:59.013Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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